According to Stratview Research’s latest report, titled “Security Analytics Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2022-2028”, the Security Analytics Market is segmented by Application Type (Web Security Analytics, Network Security Analytics, End-point Security Analytics, Application Security Analytics, and Others), by Component Type (Solutions and Services [Professional Services and Managed Services]), by Deployment Mode Type (Cloud and On-Premises), by Organization Size Type (Small Medium-Sized Enterprises and Large Enterprises), by Industry Vertical Type (Government and Defense; Banking, Financial Services, and Insurance; Consumer Goods and Retail; IT and Telecom; Healthcare; Energy Utilities; and Manufacturing), and by Region (North America, Europe, Asia-Pacific, and Rest of the World). This market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the Security Analytics Market.

Market Insights

According to analysts, the security analytics market was estimated at USD 12.1 billion in 2021 and is likely to grow at a CAGR of 16.23% during 2022-2028 to reach USD 34.84 billion in 2028.

Segments Analysis

Based on the application type, the market is segmented as web security analytics, network security analytics, end-point security analytics, application security analytics, and others. The network security analytics segment held the largest share of the market in 2021 and is expected to remain dominant during the forecast period. Network security analytics collect and analyze different types of network security event information and generate comprehensive security analytic solutions in order to secure the network from advanced threats.

Based on the component type, the market is segmented into solutions and services. The services segment is expected to grow at a higher rate, over the forecast period, owing to the increased rate of security-related instances, demanding organizations to adopt security analytic services in order to address the risks in the constantly evolving global threat landscape. Security vendors assist their customers by offering support for the efficient use and maintenance of security analytic solutions, which constitute the services segment, an integral part of the security analytics market.

Based on the deployment mode type, the market is segmented as cloud and on-premises. The cloud segment is expected to grow at a higher rate, during the forecast period, driven by its advantages such as enabling cost savings by eliminating the need for an Information Technology (IT) staff to manage the software. Monitoring the security system can be done internally or it can be granted to the vendor. As this deployment mode requires low startup costs, it is being used by Small Medium-Sized Enterprises (SMEs), offering web-based management and enterprise-class protection.

Another factor driving the market for cloud-based security analytic solutions is that it provides scalability and flexibility. The Software-as-a-Service (SaaS) model of deployment is generating demand for cloud-based security analytic solutions, further fueling the market growth.

In terms of regions, North America is estimated to be the largest market during the forecast period, with the USA and Canada being the major countries with lucrative growth opportunities. This growth can be attributed to a large number of security breach incidents, leading to fast technological adoptions, and the presence of a number of leading players in North America. Cybersecurity has been identified by the government as the most serious economic and national security challenge in the region.

The region has experienced tremendous technological growth owing to the emergence of trends such as Bring Your Own Device (BYOD), the Internet of Things (IoT), and the Internet of Everything (IoE). This major trend has, in turn, led to a rise in next-generation threats, added complexities, and increased concerns and vulnerabilities for the existing technological infrastructure in the region. Europe and Asia-Pacific are also expected to offer substantial growth opportunities during the forecast period.

The list of Key Players in the report are -

The market for Security Analytics is gradually consolidating with major companies that are performing mergers acquisitions to quickly gain the leading position and to tap the growing opportunities in this briskly expanding market. Some of the major key players in the Security Analytics Market are listed below.

• IBM Corporation, Cisco Systems, Inc.
• Splunk, Inc.
• RSA Security LLC
• FireEye
• HP Enterprise Company
• McAfee LLC
• NortonLifeLock, Inc.
• LogRhythm, Inc.
• Huntsman Security
• Securonix, Inc.
• Gurucul
• Juniper Networks, Inc.
• Hillstone Networks Co Ltd
• Exabeam, Inc.
• Rapid7
• Alert Logic
• Forcepoint, Assuria Ltd, and
• Haystax Technology, Inc.

Report Features -

This market report includes the following features –

• Market structure: Overview, industry life cycle analysis, supply chain analysis.
• Market environment analysis: Growth drivers and constraints.
• Market trend and forecast analysis.
• Competitive landscape and dynamics: Market share, Product portfolio, New Product Launches, MAs etc.
• Attractive market segments and associated growth opportunities.
• Emerging trends.

Custom Research:

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About Stratview Research –

Stratview Research is a leading market research firm that offers wide range of services like syndicated market reports, consulting, sourcing intelligence, and customer research, etc. Stratview Research’s offerings include comprehensive market intelligence in the form of research reports, and consulting services. Our team which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 500 companies.